This blog provides information on how U.N. Global Compact participants' walk the talk. The GC is a voluntary initiative at the strategic level to engage businesses towards sustainability principles. There is however a risk of 'blue-washing' by covering up corporate misbehaviour and law infringement from large MNEs through poorly enforced 'Integrity Measures' and weak U.N supervision. Let's 'WE', civil society stay tuned!
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Monday, May 28, 2012
Siemens reveals probe into Russian payments, diagnostics business
Global engineering giant Siemens (NYSE:SI) reveals a new investigation into payments made to employees at a Russian facility and a U.S. probe into the company's diagnostics business.
More on Mass Device.
Siemens (SIE:GR) is a Global Compact participant since 26-11-2003.
Labels:
(NYSE:SI),
(SIE:GR),
(SIE:Xetra),
bribery,
diagnostics,
Germany,
payments,
Principle 10,
probe,
Russia,
Siemens,
Siemens AG
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